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By Tom Winnifrith, The Sheriff of AIM | Thursday 23 June 2016
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
As predicted HERE there was a blooodbath at the Toronto offices of Watchstone (WTG) yesterday but it could be worse still....
My source says: "Bloodbath at the Hubio office in Toronto today. Most of the remaining departments have been decimated all ready this morning (R & D, QA, PMO) . Low cost incompetent resources left. The word on the street is that the packages they are offering are very very low. Hopefully all the former staff get to a lawyer for review before signing."
The source adds that they have been told that "there have been significant cuts in the UK as well but unable to get more detail yet. "
Watchstone can make that a yet ( I will run full details soon when I get them) so why not come clean and fess up in full via RNS today while no-one is watching? It might as well write off the remaining goodwill in the Hubio Rob Terry created fraud at the same time.
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